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i <br /> ~7 Mr. Uswsom <br /> LUiTOkt HC. HY <br /> /4Pd :Fkkiis~3CX R::)1.d7:Tt7k; Euthorixing wiSk~dxattrcl at soauritise att <br /> fl®,~osit tvlth, and t.`ao aubstitutiWS of athox oaauxitiaa wit3i, `Xle <br /> ! itsdexvl Heeexve 3iaxik nt Ulavolanfl as Trusted far ssfekaeping. <br /> h'ki~~. !o scants the QePasit of lunfls AP 'pho City of Lakewood <br /> in 9'he Unipn Hr,uk, of Cacaaerae Cosspeey, under dspaaftosy ,daeitgnation <br /> <br /> ~ ; teawainating, purssi?t~mt to tiatteral Co4a Soatian $}i86-11+ as J~una 9C, <br /> 1847, certain oblitntiaas of the Unitofl b'tatas of aworios have hsrnta« <br /> ~ tore boen flapasited and sat+u now on flektaeit xith the ~o8eresl Reserve <br /> K.=„ <br /> 3<; I ink of Glavalrsnd 3'ox Aalekpaeixi~. sttn <br /> r~ I ~a , saifl bruxk haA requested lhie subdivielon tp authorize <br /> - ~ ' soid ~oQoral 8eserve kkenk of Clevoleafl to permit subotitution of <br /> ` securities in such anPokeopissg a oaonnt and this eubtlivision hr+a ietar- <br /> miasfl that s•,tah nuthorixation is teaaible anfl proper ott the tetras <br /> hexeinaftar Aet Earth, enA <br /> i <br /> ~gl~"sz::rw, this ra:eolution esonstitutes lie omergenay iu that staid <br /> pubiia fleposftary hrsa dasigaated 'Phe t'adex[si I2eoaxve Hank of C2rv~elsnfl <br /> - as Trusted and dosirea provisions made for the axahaflge and reloaee of <br /> securities and thw substitution at other securities, ell res prcroidod by <br /> the lini£as°rn l~poaiitgry is.at of the :3tute+ oP ifhia, renal in that it irgvides <br /> fox tn.e usual dr+iir aa7esration of a muttiaipnl daprxLnoat, tww, tSarePure, <br /> 8N 1T fi~'°it1LF°.G7 HY'X'ff C~RAtCIk. Ol?'IIiIi CZR7C QF IJ` +:Wk), ,HTi,T~: f?p' <br /> ! CkiSt?: <br /> i <br /> ;:aeation 1. Tnesti 't4~o fedo,ral Reserve k3nnk of Cl~sveland be, anal it <br /> is ht3xsliJy, authorised et any ticae durint; tkrs gx>xigii andittg Tune 3U, 19AT, <br /> to pexsait TRiSAk1 DP,N.t AP Cg7CZCL C~*it°:.kt`i to aitirdrau asy oiylig~+tlans <br /> oP the United Htateo oP F.~roaricrr agtt or hareaftor flurl.ng the aforesaid <br /> period on dayquit witk: "aR~e l"ederal kkose«xa 19rank of Clevrelaend for safe <br /> keepittg fox the aaaouut aP said. bank and this eubflivireinn, praviflefl that <br /> said bank shall rat the safes time flspaeit in snob a*alokee,eit~ aaaouni <br /> ~ with'E`ha l"odorsl lasorve 3kank aP ClcsveLusA in aubAtitutiatt fox the oblige- <br /> t tiorss ao withdrawn otleor auliets+tions nt the ilttitad Utr~tcsfs of deaeriaa <br /> oP an ogexek#ate zxlrY,ut value mot lose titsn She ab7ligeatlans so aithdxe~ru. Market va] <br /> shall a th t ~ravaili the Ng~ Y xk m~rke at t e close on the business day nee <br /> prece~i~,'. aye}R~~`i1i~Tsr~~us4t~c~~~r~E~Z~'suror o£ the CYty <br /> oP LRkot~aq& is keareby ~kiraated to cartity a ooyy of this resolution to <br /> The F°efderal &axervo Hrink of Clovalattfl end to The t7ttiott Hank of Cornaarae <br /> Comb W <br /> • - <br /> _ - _ <br /> .;eation 3. ~Sa reiealution is kferetfy derlrzr®d 6o be an rKenay <br /> rrar-sere Par the rauaorsa stfftod in the proffrsblg heraaP xenct, providsCi it <br /> reec~4vea ekes r+tflzxsf,tiva vote of tiro-thirds of all rC,re~tUera sleeted to <br /> Council, it aktxll uit~dlj'1t(nd ba !tt Parse ir~fsdintoly upon its <br /> adoytian pnd a:~imcrvol by the 3&eyor. <br /> June 17, 191x6 ° <br /> a~doptedt <br /> Wfn. R. Fa:rgrieve <br /> , <br /> °k y .n. ..4.e ~~f <br /> June 17, 191~b H. A. Nees <br /> I:pprove3a <br /> Clark <br /> A. auffrnan ~ ~ ! <br /> <br />